ETH/USD critical $180 zone being tested to the downside

Fibo Quantum

  • Ethereum price on Wednesday is trading in negative territory by 7%.
  • ETH/USD is vulnerable to further downside risks following pychological $200 breach. 
  • The next major zone of support is eyed down at the $150 price territory.

 

Spot rate:                  183.16

Relative change:      -6.90%

High:                         197.21

Low:                          180.00

ETH/USD daily chart

  • Should the bears force a breakout to the downside of $180, the flood gates to sellers could be opened.

ETH/USD 60-minute chart

  • The price lost much ground following near-term ascending trend line breach.